Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Plainville Office/Retail Opportunity For Lease Title is generated by Realmo AI

    175 New Britain Avenue, Plainville, CT 06062

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office/retail space for lease with high visibility and accessibility.

    Type:Office, Retail
    Property size:
    3,400 SF
    Added:
    May 20, 2026
    Days on Market:
    14
    Last Refresh:
    May 21 at 7:10 am

    Property Features for 175 New Britain Avenue

    General Information

    Standard status
    Active
    Size
    3,400 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 175 New Britain Avenue Contact us

    We can help!

    Listing Contact
    Jay Morris
    Jay Morris

    Listing agent Jay Morris License #CT REB.0755257

    Listing office O, R&L Commercial

    Listing date May 20, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of O, R&L Commercial

    HighLights

    • High visibility location on New Britain Avenue with strong traffic counts (22,625± ADT).
    • Convenient access to Route 72 (Exit 33) and major highways.
    • Flexible layouts suitable for office, wellness, or service‑oriented businesses.
    • On‑site parking available.
    • Monument signage for increased visibility.
    • Located near national retailers and area businesses.

    Overview

    Located directly off Route 72 at Exit 33 in Plainville, Connecticut, 175 New Britain Avenue presents a leasing opportunity for office or retail space. The three-story wood frame building offers approximately 1,800 square feet on the second floor and 1,600 square feet on the third floor, totaling 3,400 square feet. The flexible layouts are well-suited for professional office, wellness, or service-oriented users. The property benefits from high visibility along New Britain Avenue, with traffic counts of 22,625 ADT. It also features monument signage, on-site parking, and convenient access to major highways and surrounding retail amenities. Situated near several national retailers and area businesses, the property provides an accessible location. The lease rate is offered at $14.00 per square foot plus utilities.
    Location Intelligence

    Current Use by Public Records

    Mortgage Assistance Company, ... Loan Service A Moment Away Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plainville
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.845134
    Latitude
    41.677537

    Nearby Similar for Lease

    • $325/Mo
      3,480 SF

      Plainville Office Space For Rent

      Professional office spaces available in Plainville, CT with ample parking.
      49 Broad Street, Plainville, CT 06062
      View Details
    • $10 SF/Yr
      10,420 SF

      High-Quality Flex Office/Industrial Building

      Flex office/light industrial building in Plainville, Connecticut.
      40 Corporate Avenue, Plainville, CT, 06062
      View Details
    • $325/Mo
      3,480 SF

      Professional Office Space Available

      Well-maintained office building with ample parking and convenient location.
      49 Broad Street #Suite 1, Plainville, CT 06062
      View Details
    • $5,000/Mo
      5,061 SF

      Industrial Building with Office Space

      5,000 SF industrial building with warehouse and office space.
      62 Newton Avenue, Plainville, CT 06062
      View Details
    • $1,695/Mo
      1,017 SF

      Renovated Retail Space in Plainville

      High-visibility retail suite ideal for salon, boutique, or shop.
      333 East Street #1, Plainville, CT 06062
      View Details
    • $2,200/Mo
      944 SF

      First-Floor Office Condo For Rent

      Sophisticated office condo in Plainville, convenient location and modern amenities.
      55 Whiting Street #STE 1A, Plainville, CT 06062
      View Details
    • $500/Mo
      100 SF

      Prime Office Space in Mill

      Corner office in historic mill building with modern amenities.
      125 West Main Street #101, Plainville, CT 06062
      View Details
    • $1,500/Mo
      700 SF

      Plainville Two-Bedroom Apartment For Rent

      Second-floor apartment with new appliances, heat and water included.
      48 Hillside Ave 2, Plainville, CT 06062
      View Details
    • $2,100/Mo
      1,100 SF

      Spacious Three-Bedroom Apartment For Rent

      First-floor apartment near schools, pet-friendly, with parking.
      31 Tyler Ave, Plainville, CT 06062
      View Details
    • $400/Mo
      126 SF

      Updated Mill-Style Office Unit

      Office unit with utilities included and move-in special.
      125 West Main Street #106, Plainville, CT 06062
      View Details
    • $700/Mo
      225 SF

      Updated Mill-Style Office Space

      Updated office space with utilities included in rent.
      125 West Main Street #103, Plainville, CT 06062
      View Details
    • $950/Mo
      39,044 SF

      Versatile Spaces for Lease

      Distribution, warehouse, or office spaces available for lease.
      17 North Washington Street, Plainville, CT 06062
      View Details

    FAQs

    What type of property is this?
    Office units - Office/retail space for lease with high visibility and accessibility.
    Where is this office units located?
    The property is located at 175 New Britain Avenue Plainville, CT.
    What are key features of this property?
    This property features: High visibility location on New Britain Avenue with strong traffic counts (22,625± ADT).; Convenient access to Route 72 (Exit 33) and major highways.; Flexible layouts suitable for office, wellness, or service‑oriented businesses.
    (860) 721-0033 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jay Morris
    Jay Morris
    Real Estate License ID: CT REB.0755257
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    175 New Britain Avenue, Plainville, CT 06062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!